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Open original source ↗The Economist magazine is issuing a Mia Culpa on calling for much higher oil prices, and is now fully bearish
Next step $200???
@donnelly_brent
This was their March 1999 cover when the price was $10
A year later, it was $40
It is now considered one of their more famous cover story blunders. https://t.co/yLBDFv0nq1
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These are the quoted author’s words.
As free-traders, we take a strange satisfaction in being bested by the markets. It is a reminder that the price of an asset in a liquid market is the closest thing there is to a distilled judgment of humanity https://t.co/TacWjKRZgJ Illustration: Sandra Navarro https://t.co/9ti2Qlb7VW
TheEconomist ↗